EEE 2023 FINAL - CRAIG WATTERS
Raising money for a startup is a _______ - Answers :Balancing act
Many entrepreneurs go about the task of raising capital haphazardly because they lack
experience in this area and because they ______ - Answers :-don't know much about
their choices.
_____ is a balancing act. - Answers :Raising Money
A company's ___ is the rate at which it is spending its capital until it reaches profitability.
- Answers :Burn Rate
In the prescription drug industry the path from the research lab to the patient takes an
average of ___ years. - Answers :10
Gina's catering expects to spend $30,000 of its $50,000 capital until it reaches
profitability. This Is Gina's catering ____. - Answers :Burn rate
A(n) ___ is a brief, carefully constructed statement that outlines the merits of a business
opportunity - Answers :Elevator speech (or pitch)
The most common sources of debt financing are commercial banks and _____. -
Answers :Small business administration- guaranteed loans.
When a venture has a high risk with an uncertain return (characterized by weak cash
flow and high leverage its most appropriate source of funding is _____. - Answers
:Personal funds, family and friends, and bootstrapping
_______ are individuals who invest their personal capital directly in startups. - Answers
:Business angels
The investors who invest in venture capital funds are called _____. - Answers :Limited
partners.
Wanderburg Machines went on a whirlwind tour that consisted of meetings in twelve key
cities where the firm presented its business plan to the group of investors. This tour was
a ______. - Answers :Road Show
Internally generated growth is often called ____ growth because it does not rely on
outside intervention - Answers :organic.
Which of the following is NOT an external growth strategy? - Answers :International
expansion
Raising money for a startup is a _______ - Answers :Balancing act
Many entrepreneurs go about the task of raising capital haphazardly because they lack
experience in this area and because they ______ - Answers :-don't know much about
their choices.
_____ is a balancing act. - Answers :Raising Money
A company's ___ is the rate at which it is spending its capital until it reaches profitability.
- Answers :Burn Rate
In the prescription drug industry the path from the research lab to the patient takes an
average of ___ years. - Answers :10
Gina's catering expects to spend $30,000 of its $50,000 capital until it reaches
profitability. This Is Gina's catering ____. - Answers :Burn rate
A(n) ___ is a brief, carefully constructed statement that outlines the merits of a business
opportunity - Answers :Elevator speech (or pitch)
The most common sources of debt financing are commercial banks and _____. -
Answers :Small business administration- guaranteed loans.
When a venture has a high risk with an uncertain return (characterized by weak cash
flow and high leverage its most appropriate source of funding is _____. - Answers
:Personal funds, family and friends, and bootstrapping
_______ are individuals who invest their personal capital directly in startups. - Answers
:Business angels
The investors who invest in venture capital funds are called _____. - Answers :Limited
partners.
Wanderburg Machines went on a whirlwind tour that consisted of meetings in twelve key
cities where the firm presented its business plan to the group of investors. This tour was
a ______. - Answers :Road Show
Internally generated growth is often called ____ growth because it does not rely on
outside intervention - Answers :organic.
Which of the following is NOT an external growth strategy? - Answers :International
expansion
